Home / Healthcare / Lantheus Holdings Inc. (LNTH) Gives Up 3.2% at Midday on September 23, Pressuring Health Care Stocks

Lantheus Holdings Inc. (LNTH) Gives Up 3.2% at Midday on September 23, Pressuring Health Care Stocks

Lantheus Holdings Inc. (LNTH) lost ground during morning trading on September 23 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of LNTH have fallen 3.2% to $8.78 after closing the day prior at $9.07. So far, the stock has traded as high as $9.04 and as low as $8.72. Today’s decline has come with about 164,159 shares changing hands, compared to an average 30-day volume of 663,557 for Lantheus Holdings Inc.. The price is currently below the 30-day volume weighted average price of $8.84 for LNTH.

The share depreciation gives the company a market capitalization of $275.62 million based upon 30.39 million shares outstanding. It also means that LNTH has a price-to-book ratio of :1.

In the past 52 weeks, shares of LNTH have traded as low as $1.76 and as high as $10.1. Technical traders will take note that at $8.78, shares of LNTH are trading above their 200-day MA at $3.58 and above their 50-day MA at $6.76. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is LNTH?

Lantheus Holdings Inc is engaged in developing, manufacturing, selling and distributing diagnostic medical imaging agents and products. These products assist clinicians in the diagnosis of cardiovascular and other diseases. The company’s 474 employees are led by CEO Mary Anne Heino from the corporate headquarters at 331 Treble Cove Road in North Billerica, MA.

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